Inflation

People have been predicting a rise in inflation and a financial crisis before the lockdown, with property market slowing down etc. All lockdown has done had first paused all that, now it's back. You've also had Brexit and the war in Ukraine having an even greater effect.

At least gas prices should remain stable in the short term now that European gas companies are going to be paying in Roubles

this is a good summary of what is happening around the world right now and how developing countries are in real trouble right now

its only a matter of time before the trouble comes to our shores

Interest rates have to rise, it is as simple as that. However the Eurozone is split in half. The lesser indebted states want interest rates to rise and the heavily indebted states don't. Catch 22 situation really, impossible to please everyone.

Inflation generates considerable increases in tax income. If public servant wages and welfare payments don't match inflation it amounts to cuts in real terms. I don't think anyone including unions are expecting matching increases.

I expect we're in for an increase in economic disparity. Certain gatekeeping and high demand workers will see wages increase higher than inflation while the low skilled, low demand, welfare dependent, and public sector will see pay cuts in real terms.

just seen that sri lanka is bankrupt today - no dollars, no rupees, no plants being sown, everyone asked to stay at home to save fuel/energy (they dont have), people being asked to put their money into the banks as the bank have no money .......

hard to believe this country was only a hares breadth away from this situation 13 years ago only we were bailed out ....

My local Apple Green was €1.84 for petrol this time last week. It has slowly gone up each today and as I was passing by this morning it was €1.91. 7c per litre increase in the space of a week and nothing said about it in the news.

Suppose it's because just about everyone is on the black stuff for the lower tax.

The vast majority of the European national central banks are insolvent. Just wait til the sparks start to fly..

Luckily for us, someone in our CB has some cop on and has been busy buying a few tonnes of gold. Great move should there be an earthquake at the centre.

Gap between Italian and German bonds has never been wider. Or at least as bad as 2013-2014 crisis.

So, fun and games ladies and gents

When producer costs are rising 3% / month, eventually given time these costs are going to trickle down to the consumer. That is unless the producers absorb these costs, and we all know that won't happen.

Reading up a bit briefly on Sri Lanka- apparently they had a hair brained idea to ban all pesticides and fertilisers to agriculture resulting in a 50% drop in output and now in near famine- let that be a warning to anyone that thinks the eco loon agenda is remotely viable here in Europe

https://amp.france24.com/en/live-news/20211121-sri-lanka-ends-farm-chemical-ban-as-organic-drive-fails

The Sri Lankan government got elected on a populist vote. They cut taxes, printed their local currency, borrowed in foreign currencies, and went on a massive public spending spree. They also had lots of populist measures that interfered with the economy including the agricultural dictats. Some of these same policies are getting increasingly popular in Ireland.

What threw them into economic crisis was the loss of their tourist sector which they were heavily dependent on and the sudden surge in the price of energy which was exacerbated by the start of the Ukrainian conflict.

Seems like a reasonable price considering the cost involved of buying and maintaining the herd, milking the cows, pasteurising and packaging the milk, then delivering it to stores and keeping it refrigerated for purchase.

yes just seen that .. supervalue litre milk gone from ..

75 c -》 85c -》95c per litre

26.67% price increase in jig time

irish farm gate prices amongst highest in europe - literally creaming it in...

bread prices is similarly increasing.. in fact virtually everything in the shop is up

serious time for many families to sit down and do up new budgets for 2022 the pubs/restautants etc are in for a shock when new grocery price reality full dawns on ordinary consumers ..